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Lagos Government enforces 5% withholding...

Lagos Govt enforces 5% withholding tax on...

NANS fixes January 14 for...

NANS fixes January 14 for nationwide protest...

Lagos Government enforces 5% withholding tax on betting and gaming winnings

Lagos Govt enforces 5% withholding tax on betting and gaming winnings The Lagos State Government has commenced the enforcement of a 5 per cent withholding tax on gaming and betting winnings, directing all licensed operators in the state to begin immediate deductions at the point of payout. The directive, issued through the Lagos State Lotteries and Gaming Authority, mandates gaming companies to automatically deduct 5 per cent from players’ net winnings before disbursing funds. Chief Executive Officer of the Authority, Are Bashir, said the enforcement forms part of broader regulatory measures aimed...
Abdullahi Mustapha Haruna -
Nation

Soft drink manufacturers...

Soft drink manufacturers threaten to down tool over N10/litre sugar tax Story from Abah ADAH, Abuja Soft or carbonated drinks producers have threatened to shut down...
Salim Sani -
Business & Economy

Gatamen of empty...

Those in the middle class and lower class living in Abuja will understand the concept of ‘arrangee’. We have a lot of mansions in...
Aisha Auyo -
Business & Economy

Nigerian Breweries highest...

Nigerian Breweries highest tax-paying firm with N416 billion tax in 4 years – Official The Nigerian Breweries Plc said the company is the highest...
Gift Luckson -
Local

Tax Liabilities: Glo,...

Tax Liabilities: Glo, Airtel back in Kogi as gov't unseals Lokoja offices Glo Mobile and Airtel telecom service providers are back online in Kogi, two...
Maryam Umar -
Local

Borno gov’t set...

Borno gov't set to confiscate properties of UN agencies over tax evasion The Borno State Government has said it would seize seven properties belonging...
Gift Luckson -
Business & Economy

Road Infrastructure Tax:...

Road Infrastructure Tax: FIRS to collect tax from bus drivers, hairdressers Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami said the...
Gift Luckson -
Business & Economy

Dangote cement, highest...

Dangote cement, highest income taxpayer to Nigerian Gov’t in 2020 - Report Dangote Cement Plc has emerged as the highest corporate income taxpayer and the...
Salim Sani -
Business & Economy

Kebbi introduces new...

Story from Abdullahi TUKUR, Kebbi Kebbi State government is to review the state tax laws by introducing a new tax regime as the state targets...
Gift Luckson -
Local

Nigerian gov’t to...

Vice President Yemi Osinbajo (SAN) has disclosed that legal provisions will be utilised to collect taxes on profits made locally by global technology and...
Neptune Prime -
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